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Mike Kosares: Hoard of ancient Roman coins argues for gold ownership today
11:35a ET Tuesday, November 24, 2015
Dear Friend of GATA and Gold:
A recently discovered hoard of ancient Roman coins that are mostly bronze with just 5 percent silver content nevertheless makes the case for ownership of the monetary metals today, USA Gold's Mike Kosares writes.
The hoard also may demonstrate the correlation of political and societal decline with currency debasement.
Of course if futures markets, derivatives, high-frequency trading, and the establishment propagandists of the Financial Times had been available to the Roman treasury, Emperor Caracalla's descendants might still be in power, with each gram of silver supporting whole mountain ranges of claims to the metal and the ignorant Goths and Huns pacing outside the gates wondering how the regime was managing to hold on so long.
Kosares' commentary is headlined "How 4,000 Roman Coins Found Buried in Swiss Orchard Reinforce Gold Ownership Today" and it's posted at USA Gold here:
http://www.usagold.com/cpmforum/2015/11/24/how-4000-roman-coins-found-bu...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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